Maintenance Costs Dampen Second-Quarter Earnings Growth for ExxonMobil, Industrial Info Tracks $70 Billion in Projects

SUGAR LAND--July 30, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Exxon Mobil Corporation (NYSE:XOM) (ExxonMobil) (Irving, Texas) reported a disappointing 18% year-over-year increase in earnings for the second quarter, amid heavy downstream turnaround and maintenance activities, along with other factors that dampened the results. Capital and exploration expenditures were $6.6 billion, up 69% from a year earlier, the oil and gas production, petroleum refining and chemical processing firm reported. For all of 2018, ExxonMobil is planning $24 billion in capital expenditures.

Within this article: Details of ExxonMobil's latest earnings release.